BGC Trading

BGC Trading or BGC Partners are the new morph of Universal Trading Strategies.

bgc-trading.com, bgctrading.com.au , bgcpartners.com.au

Most of their website material is an exact copy of utscorp.com.au. They give their address as 140 Bundall Rd but the contract gives 2/91 Upton St which is/was UTS’ home.

Now they are offering Index investing and Forex automated /black-box trading with a hefty price tag of $10,000. They claim there are many excellent automated forex trading softwares out there, and a lot of good ones. Expert opinion is quite the opposite, even suggesting that there are NO good automated trading softwares at all.

Reports are now coming in (see comments) that clients that were having their ‘trading’ done through bestbets247 for BGC have suffered massive losses whenever they tried to instigate a withdrawal. They are then offered a better ‘managed’ account if they pay a large sum of money to take their account to the next level. Beware, this is a common scammer tactic, using the lure of ‘better’ product to regain unexplained losses. Do not be fooled. Do not give them more money.

Please read the comments below

read all about Universal Trading Strategies here

40 thoughts on “BGC Trading

  1. Internet Fraud Watchdog

    Internet Fraud Watchdog (www.ifwonline.com) is an International Private Investigation and Debt Collection firm and we are currently investigating BGC Trading PTY LTD, Universal Trading Strategies PTY LTD, Aumine (AUST) PTY LTD and its associated companies. We are representing victims to represent to investigate those behind the companies and recover funds for investors and are currently looking for more investors to join our investigation. Please contact Josh at joastler@ifwonline.com

    Reply
  2. Les

    I was scammed by Nigel, James and Justin with Michael contacting me with a fraudulent offer of compensation which wasn’t forthcoming I lost over $120,000 and am happy to take these guys down and will engage with people to find these perpetrators they have destroyed lives and need to be brought to justice I am happy to participate in a class action investing in specialist investigators to find them and bring them to justice they are nothing short of scum.

    Reply
    1. alan

      Hi Stan,nicebetting.com is the new name for bestbets247,email support@ nicebetting.com and let them know they are scammers,let everybody know about it,go to all of the authorities and get these scammers investigated and jailed

      Reply
    2. alan

      Hi all, tried contacting nicebetting.com with no luck .just like bestbets247 just another scam,if anybody gets any info on all of these scammers please send replies through this channel ,kindest regards

      Reply
  3. alan

    can people go and report bestbets247 and bgc trading.com to their local newspapers and their states current affairs on television and totally expose them nationwide

    Reply
    1. admin Post author

      You should also be making claims through your State’s Civil Arbitration Tribunal, such as QCAT, NCAT or VCAT. They are usually very good with claims against these sort of companies.

      Reply
  4. diane

    Contact your local police and put in a complaint,contact the federal police online and fill a complaint form,ACCC online and fill out complaint form and ACORN Australian cybercrime online reporting network online and fill out complaint form ,do it now to catch and prosecute and hopefully jail these mongrels

    Reply
  5. Richard

    I set up a trial account for three months where the profit went from $500 to $3000 and thought this looks good.Committed to set up proper account on 2/7/2015 and since then there has been two bets that has taken nearly all the money and now they cannot be contacted.

    Reply
    1. admin Post author

      It’s all starting to sound a bit like the recent scams such as UK Home BUsiness and Lay Trade Solutions, where accounts were going along swimingly and then all had large losses. They blamed software glitches but it seemed more like manipulation. Again bookmaker was located in Costa Rica, business was on the Gold Coast. Might be worth contacting the fraud squad’s Task Force Maxima as they are/were investigating those scams

      Reply
  6. Peta Smith

    Lets set up a bgc scammers web page.i want these bastards caught and hammered.i told them of my personal situation and they took advantage of alk of us.theyare nothing but lying thieving scum.those who want to take them down reply to me because I would rather be setting up a forse and getting our hard earned investments returned than and having them prosecuted than spending my time making calls that never get returned.

    Reply
    1. Diane

      hi Peta ,myself and my husband Alan will be part of this ,there is too much of this crap going and nothing being done about it by the police or government agencies,be free to email me anytime to get this going ,many thanks,Diane

      Reply
      1. Sandy

        Hi Diana,

        Myself and my wife would like to be part of this. We are also Cheated by thBGC Partners. Please let me know how to file the complaints against these guys.

        I started with $4500 (3000 License fee and 1500 account capital) they got it up to $4000 then blew $3200 on one bet. they only ever suppose to risk no more than %10 of balance.

        2015-08-05 WTA – SINGLES: Stanford (USA), hard – 1/16-finals Date Krumm K Lisicki S-BO 6.00 3,196.15 — 3,196.15 (Loss)

        Robert ->0402539201 (Accountant)
        James->0412487714
        Nigel ->0411294793

        Regards
        Sandy

        Reply
        1. diane

          Hi sandy,I am contacting the federal police tomorrow,Monday.If everybody can get on board and contact the federal police the better chance there is of getting somewhere against these thieving mongrels,the more official complaints the better .They must be stopped .someone who loses a large amount could take their own lives so I believe if everybody puts in an official complaint hopefully this wont happen and the thieves will get gaol sentences,justin,nigel and other members of your scamming group beware we are coming for you

          Reply
    2. Diane

      have just been to Victorian police who are going to do some investigations,have been told to approach federal police and ASIC,hopefully will get a good result and put these assholes behind bars

      Reply
    3. Richard Cole

      BGC have scammed me out of 20K Used to set up and manage a forex trading account, The account states I have 26k but I cant get any email or phone replies from anyone, so yes, I guess it is a scam and I am all for getting onboard.

      Reply
  7. Craig

    What a scam!! A guy named Patrick called me offering a trading trail costing me $500. Things went well for 4 weeks, with some small wins. I then received a call from Peter and Kevin offering me the 10k start up package, advising that I would have my own trader. But as time went on I soon discovered that something was wrong. After several phone calls and trying to withdraw some of my funds. There always seemed to be an excuse and no one available to provide me any answers to why I couldn’t withdraw my money. After losing $13K, I got a phone call from Justin to say that the only way to fix the problem I would need to be moved to his trading and out of corporate as he told me I was currently on a computer trading program. After I paid another $15k to get to $50k so I could be managed by Justin, the account was still going and earning up to $93k and after a number of calls and messages to Justin and Michael to try and get some conformation of my account so I could withdraw some of my money back, I suffered a massive loss of $74k.
    I now know that this was part of their scam and will be seeking legal action against them.

    I agree with a class action against BGC trading/BGC Partners/BESTBETS247.

    Could someone please provide me some information on how to start a class action or get legal advice? I would like these thieves to pay and are wanting to contact the media to expose them.

    Reply
    1. sam

      I now know that this was part of their scam and will be seeking legal action against them. We should contact the Fraud Squad in Qld and have these guys put away. too many innocent people like you me and many others have been scammed by these guys.
      Let’s stop them now. We should contact ASIC, ACCC and the ombudsman. Put this scam on social media and take it to the press and TV (current affair).
      I also agree with a class action against BGC trading/BGC Partners/BESTBETS247.
      What a scam!! A guy named James Young called me offering a trading trail costing me $500. Things went well for 4 months, with some very small wins. I then received a call from James offering me the 10k start up package, advising that I would have my own trader. But as time went on I soon discovered that something was wrong. After several phone calls and trying to withdraw some of my funds. There always seemed to be an excuse and no one available to provide me any answers to why I couldn’t withdraw my money. After losing $4K, I got a phone call from Justin to say that the only way to fix the problem I would need to be moved to his trading and out of corporate as he told me I was currently on a computer trading program. After I paid another $10k to get to $50k so I could be managed by Justin, the account was now starting to stagger downwards and after a number of calls and messages to Justin and Michael to try and get some confirmation of my account so I could withdraw some of my money back, I suffered a massive loss all up of $18k.

      Reply
  8. diane

    The phone number for Justin the accountant from BGC trading is 0402434041, is anyone interested in a class lawsuit against these thieves.

    Reply
  9. diane

    My husband and I opened up separate accounts with bestbets247,my account went very well up to $17,000 then on one bet lost $14,000 ,Nigel and James would no longer return calls,rang BGC direct and yesterday got a call from BGC accountant Justin rang me and told me he has frozen my account .THe only way I will get any money from them is if I put in another $5,000 or the account gets to $50,000 ,not much hope of that .Have contacted my solicitor,the ombudsman and ACCC.bestbets247 and BGC trading are nothing short of total scammers full of lies and deception.Do not go near them ,they will destroy you

    Reply
  10. Alex

    I have been with BGC Trading for over 3 months now. After numerous calls from BGC (Nigel and James) I sent $500 as the demonstration trial to show me how to use their system. After 10 days trial period I have sent $10000 to start to bet as a member of BGC.
    $5000 went to cover a licence fee and remaining $5000 went to my betting account. All up it was $6250 in my account to start ($5500 was my own money and $750 was a bonus from betting company BESTBETS247). Within an hour I have lost the bonus, as a losing bet. After that my account start to grow on very slow pace. I did not mind, because I thought the slower the growing rate the lesser the risk. When my account was about $15000, I have tried to withdraw some money. So I requested that, but request went unanswered. Did not pay much attention to that . When I have asked Nigel from BGC about very slow betting process (there weren’t any betting for 3 – 4 days) he told me that there are no suitable events and they do not want to risk. I have been told that BGC would never ever bet on more than 20% of the balance of my account. Which was reasonable. Then a couple of days ago when I checked my account I saw a big loss about $13000 in one bet. It was a very real wake up call, but it sounds too late. After about a hundred calls to BGC, Nigel and James and not getting any answer I have realised that I was ripped off again. I still have a couple of thousand sitting on my account, but do not have any control of. BESTBETS247 never answered my requests. The “funny” thing is that the money ($10500) I have paid to BGC were taking from my home loan account. So I am paying interest on it, as we speak. Does anyone know how to deal in situation like this? I would appreciate any advise, please. All the best to everyone.
    1.08.2015

    Reply
  11. Michael

    These con men hounded me for weeks about joining, in the end I did just to see how the $500 would fair over the period.
    When the account reached over $1800 I put in for a withdrawal. This is when it started to go pear shaped with large reckless bets that ended in large losses peeling the account back to $597.
    This is when I thought enough of this and requested my $500 back.
    As of today all their phones are off, can anybody suggest how I can speak to these scammers?

    Reply
    1. jim

      I started with $3500 they got it up to $9000 then blew $6700 on one bet. WTF is that about , they only ever suppose to risk no more than %10 of balance.

      Reply
      1. Robyn

        Sounds similar to my recent experience. Into third day today for a return phone call …still waiting… have decided they are a dodgy company…My account was going well too well so I decided to withdraw but persuaded to stay as the “sporting” arena was heating up internationally so I stayed on…then a big loss of $1000+ they said they would set a limit then a massive $4000+ loss… 3 calls a day and nobody returning my calls…I asked today for a trading stop on my a/c… I am out of there ….. dodgy company BEWARE!1

        Reply
      2. jim

        I have done a bit of research on bestbets247 , they are a fake cheaply set up website run by BGC so what appears to be major losses from our accounts are actually BGC taking money straight from clients accounts into their greedy scamming hands. Class action is needed here people ! Lets get it started.

        Reply
      3. Sandy

        Hi ,

        Please let me know how to file the complaints against these guys.

        I started with $4500 (3000 License fee and 1500 account capital) they got it up to $4000 then blew $3200 on one bet. WTF is that about , they only ever suppose to risk no more than %10 of balance.

        2015-08-05 WTA – SINGLES: Stanford (USA), hard – 1/16-finals Date Krumm K Lisicki S-BO 6.00 3,196.15 — 3,196.15 (Loss)

        Regards
        Sandy

        Reply
  12. Nickolas

    I’ve been with bgc since Feburary. I invested $15,000 ( $5000 for license ) $10k in capital. in April and withdrew $12,000 when I smashed my car. Took 2 days but received my money. Now I’m
    Trading on my profit only.

    Reply

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